Virgin Atlantic, Flybe and Stobart Air: longhaul, meet shorthaul
There are very few examples anywhere in the world, and none in Europe, of a single airline brand combining long haul widebody operations with short haul regional aircraft, without there also being a narrowbody business sitting between these two extremes.
Recommended by Flybe's board and subject to shareholder approval, the deal values Flybe and its website at only GBP2.8 million. It will bring Europe's largest independent regional airline (Flybe) and the UK's number two long haul airline (Virgin Atlantic) under the Virgin Atlantic brand and combine this business with a specialist in providing third party wet lease regional capacity (Stobart Air).
Connect Airways is 40% owned by Cyrus, 30% by Stobart Group and 30% by Virgin Atlantic. In addition to acquiring Flybe, Connect Airways is also expected to buy Stobart Air from Stobart Group. The combination between Stobart Air and Flybe is easier to understand than that between Virgin Atlantic and Flybe.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.